Alfavision Overseas India Ltd updates on permission for harvesting of teakwood trees

One of the promoters of the company Alfavision Overseas (India) Limited has received permission for harvesting of Trees namely Teakwood (Sagwan) trees and Satkat trees comprising of 4348 Teakwood (Sagwan) trees and 370 Satkat trees. The company, as per Lease Agreement between the Promoter and the Company, will be the beneficiary of upto 60% of the net revenue as and when the revenue accrues. Further, Company proposes to plant 24000 Trees to increase green cover and continuing its fight against the climate change and mitigating carbon emissions globally.

Source : Equity Bulls

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AlfavisionOverseasIndia Permission HarvestingofTrees